Core Molding price target lowered to $22 from $24 at Roth MKM

Roth MKM analyst Chip Moore lowered the firm’s price target on Core Molding (CMT) to $22 from $24 but keeps a Buy rating on the shares. Shares now trade below tangible book value, and while top-line headwinds persist on macro uncertainty and a previously known large program transition, the firm is looking for Core Molding profitability to remain resilient, the analyst tells investors in a research note. Roth adds it sees a “compelling entry point” for the stock.